latest news releases from the newsroom
MetroCorp Bancshares Inc.
MetroCorp Announces the Appointment of Krishnan Balasubramanian to Its Board of Directors
HOUSTON, Nov. 30, 2007 (PRIME NEWSWIRE) -- The Board of Directors of MetroCorp Bancshares, Inc. (the "Company") (Nasdaq:MCBI) is pleased to announce the appointment of Mr. Krishnan Balasubramanian as an independent Class III member of the MCBI's Board effective November 27, 2007. Mr. George M. Lee, Executive Vice Chairman, CEO and President of MCBI said, "Mr. Krishnan Balasubramanian, who was educated in India and the United States and is now a resident of Houston, Texas, served as the Chairman of the Board and President of Texas Instruments, Japan from 2001-2006 and brings with him multicultural corporate knowledge and experience in dealing with complex international regulatory and business issues. The MCBI Board believes that Mr. Krishnan Balasubramanian complements the other members of the Board and that he will be able to immediately contribute to MCBI and the Board."
Coleman Cable, Inc.
Coleman Cable, Inc. Announces Closing of Woods Industries Acquisition
WAUKEGAN, Ill., Nov. 30, 2007 (PRIME NEWSWIRE) -- Coleman Cable, Inc. (Nasdaq:CCIX) (Coleman) announced today the closing of its acquisition of the electrical products business of Katy Industries, Inc. (Katy) (OTCBB:KATY), which operates in the United States as Woods Industries, Inc. (Woods U.S.), and in Canada as Woods Industries (Canada) Inc. (Woods Canada). The principal business of Woods U.S. and Woods Canada is the design and distribution of consumer electrical cord products, which are sold principally to national home improvement, mass merchant, hardware and other retailers.